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Mortgages · Sheffield

Mortgages in Sheffield. The typical home needs £21,760 down.

The average home in Sheffield is £217,603 in the UK House Price Index for August 2026, up 0.6% on a year earlier. With a 10% deposit of £21,760, you would borrow £195,843.

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Mortgages in Sheffield: a mortgage adviser Homie with a key and a clipboard by a sold sign
  • £217,603average home, UK HPI
  • £21,76010% deposit
  • £43,521household income at 4.5× the loan
  • £0stamp duty for a first-time buyer
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The short answer

Mortgages in Sheffield, in 30 seconds

The price
The average home in Sheffield is £217,603.
The deposit
10% is £21,760. 5% deposit mortgages exist, but the rates are higher.
The income
Many lenders cap borrowing at around 4.5 times income, so a £195,843 loan needs roughly £43,521 a year, alone or jointly.
The advice
A free consultation with a specialist adviser looks at deals across the market for your own numbers.

Ten years of prices

Sheffield house prices since 2016

From £147,034 to £217,603. Up 19.2% over five years.

2016 2019 2022 2025 2026
Average price each year to August 2026, Sheffield.

Nearby

How Sheffield compares with its neighbours

Average home in each council area, with the change over five years.

FAQ

Mortgages in Sheffield: your questions

How much deposit do I need to buy in Sheffield?

At the average price of £217,603, a 10% deposit is £21,760 and 5% is £10,880. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Sheffield?

With 10% down on the average home, the loan is £195,843. At 4.5 times income that means around £43,521 a year. Each lender sets its own limits, so treat this as a starting point.

Have Sheffield house prices gone up?

Over five years the average home is up 19.2%, and over the last year it is up 0.6%.

How do Sheffield house prices compare with nearby towns?

The average home in Sheffield is £217,603. It costs less in Barnsley (£173,053) and Doncaster (£172,770).

The rest of your move

Everything else for Sheffield

Mortgages nearby

Ready when you are, Sheffield.

Mortgages for your Sheffield move, tracked in the same Homemove dashboard as everything else.

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